I had a company in Richmond try to get me to work part time in exchange for stock. They haven't even had an initial round of funding yet. Same situation, told

I had a company in Richmond try to get me to work part time in exchange for stock. They haven't even had an initial round of funding yet. Same situation, told it was to be the next big thing. I'm a gambling man, most projects won't get off the ground, most won't last 3 years, even fewer will reach IPO. We have a lot of crackpots in this industry who think an idea is actually worth something.